Mortgages Data Network (HDN) reports this. About 85% of mortgage applications go through this network.
Overclosures in particular are dropping out. While there were nearly 120,000 in the first quarter, now it was just over 70,000 – a 40% drop. HDN concludes that the interest rate hikes have brought an abrupt end to the strong growth in mortgage applications from non-buyers, which had been observed since August 2019.
Slightly lower price
There are also just over 70,000 mortgages for the purchase of a home. That is an increase of 2.5% compared to the second quarter last year.
The average value of a home rose by more than 8% on an annual basis to €482,800. Compared to the first quarter, the value decreased slightly, when an average house was worth € 486,700. The average mortgage taken out in the previous quarter was €353,800, which is €9,500 less than in the previous quarter.
